“The price of light is less than the cost of darkness.”
The 10-year bond closed at 2.52% yesterday with new supply coming at auction today. This same security closed at a yield of 1.88% on Election Day and now has risen 64bps based on the speedy and successful implementation of the Trump agenda driving inflation significantly higher. Don’t count on either! – Markets need to adjust to current economic and…
A brief review of recent 10-year treasury yield levels from January of 2016 to the present –
10-year treasury yields hovered around 2.0% for the entire month.
February to early November
10-year treasury yields spent this 9-month period under 2.0%. In early July the 10-year hit a low of 1.37%.
November 8th – Election Day
10-year treasury closed that day at a…
This was the Bond Buyer’s headline story on Feb.28, as reported by Aaron Weitzman. My initial reaction was “Wow, that’s a surprise” but then I figured I’d look into it a little further to see if, in fact, there’s anything to be worried about.
First, there was a $10 billion dollar drop in refundings when compared to last year,…